Hey I didn't check out the other posts in detail here but I've done this before.....Twice actually, and bought my first property on a lease option.Not sure how it is using a lease option in other states actually but yes here in Kansas the lender should be asked and approve the sale under a lease option (that is the best way, otherwise I think you can do it on your own anyway without the bank weighing in), then you would draw up paperwork and sign, then take over said property and off you go.Hope that helps, good luck

I would recommend using a company that has a matterport pro 3d camera.

I could see someone using a hardmoney loan to first acquire it, rehab if necessary, get tenants, and then refinance.

Simultaneously, you can use some of that $50k to put a 20% downpayment on a property using a conventional mortgage.

Here's a tip for working with hard money lenders.Don’t expect to get a hard money loan without signing a personal guarantee. Lenders want to know you are personally involved and have a real desire to see the project t...

You can have issues if your entity is seen as some ploy or sham entity, using a trust as a business entity may have other ramifications, an LLC can be exposed through the back door, go to the manager, he is liable, then his assets can be gone after, his interest in the LLC is an asset and then go after everything held by the LLC, a Series LLC may limit assets to the cell holding that member's interests.

Other examples would be private lending for down payments, borrowing from family (not possible for me), doing a owner-occupied investment and saving the rent I would normally have paid for a year and then reinvest (this is my plan as of yet, but it seems that it would take a long time before I accomplished my goals), using a credit card to fund deals (which I will not do), partnering (very skeptical of some others motives since I am new), selling after a year or two (speculating appreciation of course, which is bad news) and various not so friendly ideas.Can anyone shed some light to what ways that I can roll into the next property fast so I can start the snowball effect in the first year?

Have you thought about using a VA loan to buy a multifamily property (2-4 unit)?

Plan on using a property management company?  

Not only would it cost you less in the long run, but you would also pick up some website skills that you could apply to future websites and landing pages for your business.Another thing to note with using a squarespace or wordpress, you could just pay someone a few hundred to design it for you.